Coronavirus Preparation: Selling Stocks & Crypto – Building Cash

#CoronaOutbreak starting to worry me, Chinese gov hiding true scale of infection, clearly exponential rise of deaths past 2 weeks. Might become global #pandemic which would impact all markets. Sold some #Tesla to pay off the small margin loan & leverage I still had, bringing down my #Cash position from -10% to 0% and bringing down my $TSLA exposure from 60% to 50%.

#Crypto, the other 50% of my portfolio, considering cutting back my 15% $BCH and 30% $ETH exposure to only 30% total exposure (selling 33% of each), as this Black Swan event justifies breaking my golden rule to never sell crypto in early bull market because this threat tilts Crypto case short term very bearish considering all the red flags already present in the market such as:

– NVT ratio again in red territory (amount of transactions vs value network),
– Testing bottom at $125B still probable when extrapolating past growth even without a global crises,
– Amount of transactions not even going up yet in leaders like $BTC & $ETH, which will keep value investors away,
– Sentiment again greedy after doubling in 1 month.

Fiat rarely a good investment, except when rare serious crisis hits, therefore aiming to build a 20% USD cash position. Be Safe.

Links

Great video’s on Coronavirus current situation:
https://youtube.com/watch?v=nkF4qYdNU9Y&t
https://www.youtube.com/watch?v=2k-2FNy_VDQ

Stats #CoronaOutbreak
https://worldometers.info/coronavirus/
https://twitter.com/MarcDeMesel/status/1226425843863388166

Sentiment Crypto:
https://alternative.me/crypto/fear-and-greed-index/

Fundamentals Crypto:
Dave goes to essence of value #cryptocurrencies can offer & what he likes to see before #investing (ie: exp increase transactions, which he can’t see yet …): https://youtu.be/osjYa4h0xRM
https://twitter.com/MarcDeMesel/status/1226145354388852739

Coronavirus Preparation: Selling Stocks & Crypto – Building Cash

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Kane Dane